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Luxury Brands on Recovery Track

The recession hit US economy had forced the rich spenders go a little tight on their shopping spree, affecting most high end companies. However, there is good news coming as some top luxury brands are already hitting the recovery path.
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Carrefour keeps 2010 goals, August disappoints

Carrefour , Europe's top retailer, said the summer sales trend was mixed in Europe but demand was holding up in emerging markets and confirmed it expected operating profit to rise this year.
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July home building up

Home building increased at a much weaker pace than expected in July, though sturdy growth in industrial output implied the embattled economy has enough strength to keep growing.
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Amazon profit misses as costs surge

Amazon.com Inc's quarterly profit fell far short of Wall Street estimates, hurt by a 40 percent jump in expenses and by price cuts on its Kindle electronic reader, sending its shares down 14 percent.
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Warm weather and holidays help June retail sales

Warm weather and promotions tied to Memorial Day and Father's Day helped U.S. retailers post higher same-store sales in June, but analysts warned the discount-heavy month might eat into margins.
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Family Dollar shares fall as forecast disappoints

Family Dollar Stores Inc forecast a quarterly profit below analysts' estimates, sending its shares down 8 percent, as it faces an uncertain economy and increased discounting by rival Wal-Mart Stores Inc .
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Wal-Mart names new U.S. CEO amid slumping sales

Wal-Mart Stores Inc on Tuesday named Bill Simon to run its U.S. discount stores, which have struggled with sluggish sales as their core customer continues to be pressured by high unemployment.
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Wall St flat on cautiousness before data

Stocks were little changed on Monday as data showing a rise in consumer spending was offset by investors' anxiousness before economic reports, including monthly payrolls, later in the week.
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Lincoln's change to bill would help Ark. bank: report

Blanche Lincoln, one of the influential U.S. senators spearheading financial reform, is pushing for a change in the proposed bill to benefit a bank predominantly owned by the Walton family of Wal-Mart Stores Inc, the Wall Street Journal said.
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Kroger posts profit beat amid Wal-Mart push

Kroger Co posted higher-than-expected quarterly earnings on Thursday, suggesting it was holding its own amid heated competition from Wal-Mart Stores Inc and other grocery stores.
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Kroger profit tops Street view

Kroger Co posted higher-than-expected quarterly earnings and backed its full-year outlook, holding its own amid heated competition from Wal-Mart Stores Inc and other grocery stores.
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Amid missteps, retailers eye more assortment cuts

Retailers strive for the perfect mix of products that will boost sales and keep costs down -- but the experience of some, including Wal-Mart Stores Inc , in pruning merchandise shows that getting the recipe just right, can be tricky business.

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